The Most Affordable Neighborhoods in Hubbard-Richard, Detroit, MI by Home Value

 

Hubbard-Richard, Detroit, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hubbard-Richard area can be challenging. Home prices in Hubbard-Richard are now at a median cost of $128,681, lower than the Detroit average of $215,900.

The average cost of rent is $694/mo in Hubbard-Richard, primarily driven by the current value of real estate in the Hubbard-Richard area. While nearly 73.77% of residents own their homes outright in Hubbard-Richard, 53.75% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hubbard-Richard is $3,501 per month. Households that rent pay about 19.83% of their income on rent here. Hubbard-Richard's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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